Journalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of account titles. (Note: The company uses a clearinghouse to take care of all bank as well as non-bank credit cards used by its customers. )
A. Sold merchandise for cash, $30,500. The cost of the goods sold was $16,165.
B. Sold merchandise on account, $254,300. The cost of the merchandise sold was $134,779
C. Sold merchandise to customers who used MasterCard and VISA, $162,900. The cost of the merchandise sold was $86,337.
D. Sold merchandise to customers who used American Express, $72,000. The cost of the merchandise sold was $38,160.
E. Received and paid an invoice from National Clearing House Credit Co. for $7,010, representing a service fee paid for processing MasterCard, VISA, and American Express sales.
Answers
Answer and Explanation:
The journal entries are shown below:
A. Cash Dr $30,500
To Sales revenue $30,500
(Being the merchandise is sold for cash)
For recording this we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue
Cost of goods sold Dr $16,165
To Merchandise inventory $16,165
(being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and reduced the assets so merchandise inventory is credited
B. Account receivable Dr $254,300
To Sales revenue $254,300
(Being the merchandise sold for account)
For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the revenue
Cost of goods sold Dr $134,779
To Merchandise inventory $134,779
(being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and reduced the assets so merchandise inventory is credited
C. Cash Dr $162,900
To Sales revenue $162,900
(Being the merchandise is sold for cash)
For recording this we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue
Cost of goods sold Dr $86,337
To Merchandise inventory $86,337
(being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and reduced the assets so merchandise inventory is credited
D. Cash Dr $72,000
To Sales revenue $72,000
(Being the merchandise is sold for cash)
For recording this we debited the cash as it increased the assets and credited the sales revenue as it also increased the revenue
Cost of goods sold Dr $38,160
To Merchandise inventory $38,160
(being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased the expenses and reduced the assets so merchandise inventory is credited
E. Credit card expenses Dr $7,010
To Cash $7,010
(Being the cash paid is recorded)
For recording this we debited the credit card expense as it increased the expenses and reduced the assets so cash is credited
Related Questions
Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental funds are also reported in the other governmental funds column of the governmental funds balance sheet.
A. True
B. False
Answers
Answer: True
Explanation:
Governmental funds refers to the assets, money, or property, of the government.
It should be noted that the non major governmental fund is also a form of fund as well and therefore, the amounts that are reported for assets and liabilities in the total column for the combining balance sheet for the nonmajor governmental funds will also have to be reported in the other governmental funds column of the governmental funds balance sheet.
Therefore, the correct option is True
Q.2(a) Old and New are in partnership, practising as Chartered Accountants under the name and style
Old new & Co.,sharing profits in the manner stated below. They close their accounts on 31st March.
The following was their Balance Sheet as on 31st March, 2019
Answers
A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization.
Including a corporation, private limited company, sole proprietorship, business partnership, government agency, or not-for-profit organization. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are mentioned.
The "snapshot of a company's financial condition" that is a balance sheet is a common description. It is a summary of all of an organization's financial statements. The balance sheet is the only one of the four fundamental financial statements that only pertains to one specific moment in time on a company's calendar.
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what link-building strategy do search engines implicitly approve?
Answers
The link building strategies that the search engines are known to have to approve of implicitly would be the
Nofollowthe sponored links attributesWhat is meant by the link building strategies?This is the term that is used to refer to the practice that has to do with the ways that the one way hyperlinks can be built. This is usually done through the use of the website that had to have the goal of helping to get visibility through the use of search engines.
The strategies that are used are the ones that have to do with content writing, the ones that have to do with useful tools and those that have to do with the outreach that is done with the use of mails.
The other ways that this can be done would be through the use of the social media outreach. Hence the links that they would use implicitly would have to do with the nofollow links etc.
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At what stage in the data analytics project for revenue analysis would you evaluate data visualization and business intelligence requirements
Answers
Data analytics is very vital in revenue analysis. The stage in the data analytics project for revenue analysis would you evaluate data visualization and business intelligence requirements is;
After gathering requirements and considering other factors.Why is data visualization necessary in data analysis?Data visualization is very important as it helps one to have a good idea of what the information is all about by helping us see the visual context through maps or graphs.
Conclusively, It helps makes the data more natural for our human comprehension and then it makes it more okay to identify trends, patterns etc. in any large data sets.
See full question below
At what stage in the data analytics project for revenue analysis would you evaluate data visualization and business intelligence requirements?
At the very beginning of the revenue analysis project.
After reviewing historical revenue analysis but before framing the revenue analysis questions.
After evaluating organizational capabilities and gaps but before considering other factors.
After gathering requirements and considering other factors.
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You have a portfolio worth $63,500 that has an expected return of 13.3 percent. The portfolio has $16,900 invested in Stock O, $24,700 invested in Stock P, with the remainder in Stock Q. The expected return on Stock O is 18.1 percent and the expected return on Stock P is 11.3 percent. What is the expected return on Stock Q
Answers
Answer:
Return on Stock Q is 11.85%
Explanation:
Investment in Q = ($63,500 - $16,900 - $24700)
Investment in Q =21900
Portfolio return = Respective return * Respective investment weight
13.3= (16900 / 63500 * 18.1%) + ( $24,700 / $63,500 * 11.3% ) + ( $21900 / $63,500 * Return on Q)
13.3 = 4.817165354 + 4.39533071% + (21900 / 63500*Return on Q)
13.3 = 9.21259843% + (21900 / 63500*Return on Q)
Return on Q = (13.3% -9.21259843%) *63500/21900
Return on Q = (4.08740157 * 2.899543379)
Return on Q = 11.85159816%
Return on Q =11.85%
I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
Answers
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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what are the disadvantages of a private company
Answers
Answer:
A chemical bond is a lasting attraction between atoms, ions or molecules that enables the formation of chemical compounds. The bond may result from the electrostatic force of attraction between oppositely charged ions as in ionic bonds or through the sharing of electrons as in covalent bonds.
Leonard Technologies invests $ 62,000 to acquire $ 62,000 face value, 8%, fiveminusyear corporate bonds on December 31, 2014. The bonds will mature on December 31, 2019. The bonds pay interest semiannually on December 31 and June 30 every year until maturity. Assume Leonard Technologies uses a calendar year. Based on the information provided, which of the following will be included in the journal entry for the transaction on December 31, 2018?
a. a debit to Interest Revenue for $5,400
b. a credit to Interest Revenue for $2,700
c. a debit to Interest Revenue for $2,700
d. a credit to Interest Revenue for $5,400
Answers
Answer:
Find attached correct question that matches the options provided in this question:
The correct option is B, a credit to Interest Revenue for $2,700
Explanation:
The semiannual coupon interest receivable from the bond investment is the face value of $54,000 multiplied by 10% adjusted to reflect a six month revenue rather than a year a shown below:
semiannual interest receipt=$54,000*10%*6/12=$2,700
The $2,700 would be debited to cash as an income while also being credited to interest revenue ,hence option B is correct
The amount you pay each time you visit a health care provider or have a prescription filled is called a
Answers
The amount that a person pays when they visit health care providers or have their prescription filled is a Copayment.
What is a copayment?A copayment refers to the amount that people pay to their healthcare providers out of their pocket when they go to get services such as having their prescriptions filled.
Copayments are usually fixed amounts that depend on the kind of care you receive from your healthcare provider.
In conclusion, that amount that is paid by a person when they visit a health care provider or go to fill up their prescription is a Copayment.
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Which of the following activities would waste the most time?
a. Rich tries to multitask writing a report and reading a memo, and has to re-write the report and
re-read the memo, which takes an hour.
b. During a departmental meeting, Barry and Scott make small talk for twenty minutes while the
other six meeting members sit and listen.
c. Greg asks Tony a question about work and then talks to him for ten minutes about who will
win the game tonight.
d. Barbara composes an e-mail during her thirty minute train ride to work.
Answers
Answer:A
The answer should be “A” because it does say it takes an hour and that seems like the most time consuming task out of all of them
Question 8 of 10
Most applications will ask you to provide all of the following information
except.
OA. days and hours that you are available to work.
B. the date you can start work.
OC. how long you want to work for the establishment,
OD. your desired salary or wage.
SUBMIT
Answers
Most applications will ask you to provide all of the following information except C. how long you want to work for the establishment,
What is the essence of applications?Application can be described as the way o0f applying fo one job or the other in a paricular organization so that one can start job with tem.
It should be noted that during the application, there are different question that needed to be answered which could be differ from one organization to the other, such as days and hours that you are available to work as well as desired salary or wage in the organization.
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How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Answers
Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.
Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.
An effective structure enables employees to work together efficiently, leading to a higher level of productivity.
Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.
A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.
In conclusion, structure and culture are essential components of an organization's strategic plan.
By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.
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in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
Answers
Answer:
Percent tax = 45%
Explanation:
Given:
Amount of tax charged = $1,152
Amount of purchase = $2,560
Find:
Percent tax
Computation:
Percent tax = [Amount of tax charged / Amount of purchase]100
Percent tax = [1152 / 2560]100
Percent tax = 45%
Explain major theories discussed in Microeconomics by Austan Goolsbee
Answers
The major theories discussed in Microeconomics by Austan Goolsbee are The law of demand, The principle of comparative advantage, and so on.
A well-known economist who has significantly advanced the study of macroeconomics is Austan Goolsbee.
A fundamental principle known as the law of demand states that there is an inverse relationship between a commodity's price and demand. This implies that as a good's price decreases, consumers will be eager to buy more of it.
According to the comparative advantage principle, in order to benefit, nations should specialize in producing the goods and services in which they have a comparative advantage.
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Janetta Corp. has an EBIT of $1,010,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 15 percent, and the corporate tax rate is 35 percent. The company also has a perpetual bond issue outstanding with a market value of $1.99 million.
Required:
What is the value of the company?
Answers
Answer:
$5,073,166.67
Explanation:
Calculation to determine the value of the company
Using this formula
VL= [EBIT(1 − TC) / R0] + TCB
Let plug in the formula
VL= [$1,010,000(1 − .35) / .15] + .35($1,990,000)
VL=[$1,010,000(0.65)/.15]+696,500
VL=($656,500/.15)+$696,500
VL=$4,376,666.67+$696,500
VL= $5,073,166.67
Therefore the value of the company is $5,073,166.67
In a deed, the person or entity conveying the real property interest is more commonly referred to as the:
Answers
In a deed, the person or entity conveying the real property interest is more commonly referred to as the: Grantor.
Who is the Grantor?The grantor in a property deed is the individual who owns the property that is to be sold. He confers the ownership rights of the property to the grantee.
The property that is transferred is referred to as the Grant.
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the wildlife department has been feeding special food to rainbow trout finger lings in a pond. A sample of weight of 40 trout revealed that the mean weight is 402.7 grams and the standard deviation 8.8 grams .
what is estimated mean wight of population? what is 99% confidence interval?,what degree of confidence is being used? interparet the result
Answers
We estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. The degree of confidence used is 99%.
To estimate the mean weight of the population of rainbow trout fingerlings, we can use the sample mean as an estimate. In this case, the sample mean weight is 402.7 grams.
Since the sample is a good representation of the population, we can consider this as our estimate for the population mean weight.
To determine the 99% confidence interval, we need to calculate the margin of error. The margin of error is given by multiplying the critical value (z*) with the standard deviation of the sample mean.
For a 99% confidence level, the critical value is 2.576 (obtained from a standard normal distribution table).
The margin of error is then calculated as 2.576 * (8.8 / sqrt(40)), which equals 3.932 grams. Therefore, the 99% confidence interval for the mean weight of the population is 402.7 ± 3.932, or approximately (398.77, 406.63) grams.
The degree of confidence used is 99%, meaning that if we repeated the sampling process multiple times, approximately 99% of the resulting confidence intervals would contain the true population mean weight.
In conclusion, we estimate the mean weight of the population to be 402.7 grams, with a 99% confidence interval of (398.77, 406.63) grams. This means we are 99% confident that the true population mean weight falls within this range.
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What are the business strategies a small growing company needs
Answers
Answer:
Here are 10 business strategies that a small growing company may need.
1. Market segmentation: Determine the target market and focus marketing efforts on that specific group of customers.
2. Product/service differentiation: Create a unique selling proposition (USP) that sets the company apart from its competitors.
3. Customer Relationship Management (CRM): Implement systems to manage and analyze customer interactions and data. This will help the company target its marketing efforts and improve customer retention.
4. Cost control: Focus on optimizing processes and reducing overhead costs to improve profitability.
5. Diversification: Consider opportunities to expand into new product lines or markets to increase revenue streams.
6. Strategic partnerships: Look for opportunities to partner with other companies to leverage resources, share expertise, and expand market reach.
7. Innovation: Focus on continuous improvement and developing new products/services to stay ahead of the competition.
8. Talent management: Establish a strong company culture and invest in employee training and development to attract and retain talented employees.
9. Risk management: Implement processes to identify potential risks, assess their impact, and develop plans to mitigate them.
10. Financial management: Create a sound financial plan to manage cash flow, control expenses, and reinvest profits into the growth of the company.
Off-shoring Money allows
companies and individuals to
invest money into
accounts to stall taxation.
A. temporarily
B. indefinitely
C. permanently
Answers
Select the correct answer.
Which action can help you become an effective learner?
OA enrolling in a graduate program
O B. limiting your learning to what you need for your career
OC. maintaining a positive attitude toward learning
OD. only exploring topics that interest you
Answers
Answer:
c
Explanation:
maintaining a positive attitude toward learning
Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.
What is learning?The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.
As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.
Therefore, option (c) is correct.
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1. What does the formation of FEED Projects suggest about Lauren Bush's sense of social responsibility ?
Answers
The formation of FEED Projects suggests that Lauren Bush has a great sense of social responsibility and that she cares about the people.
What is social responsibility?Social responsibility is the practice of individuals and organizations acting morally and conducting business while being mindful of social, cultural, economic, and environmental concerns.
The founder and CBO of FEED, a social enterprise and impact-driven lifestyle brand, is Lauren Bush Lauren. Her vision is to "make good things that help FEED the world." As a student spokesperson in 2004, Lauren had the chance to travel with the UN World Food Programme.
Lauren experienced firsthand the hardships of poverty and hunger that so many people confront around the world while visiting communities in Central America, Asia, and Africa. Lauren developed the inaugural FEED 1 bag, which, when purchased, feeds one child in school for a year, after drawing inspiration from this incident. She started FEED in 2007, and it has since contributed to the provision of over 126 million meals.
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What is a major consequence of failing to pay back a loan on time?
A. Debt-to-income ratios decrease for late payments.
B. Borrowers can go to jail for late payments.
C. Borrowers' credit scores rise because of missed payments.
D. Banks can charge fees for missed payments.
SUBMIT
Answers
Answer: D; Banks can charge fees for missed payments.
Explanation: A pex
Major consequence of failing to pay back a loan on time is that Banks can charge fees for missed payments.
What is a loan?A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances. By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
Before any money is sent, the lender and borrower must agree on the terms of the loan. The loan document will specify any instances where the lender may ask the borrower to pledge an asset as security. A mortgage is a frequent loan taken by American households to pay for real estate.
Governments, businesses, and private persons can all get loans. The main purpose of taking out one is to obtain money to increase one's total available funds. The lender receives income from the interest and fees.
Depending on the specific financial requirements, there are numerous types of loans. Banks are able to offer both secured and unsecured loans. People choose secured loans because they have lower interest rates and a significant amount of money that may be utilized to buy a house or car. While personal loans, which have a higher interest rate and are typically granted for lesser sums for things like home improvement and other uses, are the most popular kind of unsecured credit.
Your ability to put up collateral and your credit score determine the maximum loan amount you may be eligible for. credit instruments such as credit cards, unsecured loans, and lines of credit.
Before any money or property is exchanged, the parties to the transaction agree on the terms of the loan. The loan documentation will specify any collateral requirements the lender may have. The majority of loans also have clauses governing the maximum interest rate as well as other covenants like the period of time until repayment is necessary.
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Match the examples with the types of utility they are adding. To connect them, click the example, and then click the type of utility. Match the examples with the types of utility they are adding. To connect them, click the example, and then click the type of utility. On her company Web site, Chloe adds quotes from customers who were happy with her cleaning services. Form utility Aaliyah provides a delivery service for people who are unable to fit her handmade tables in their cars when they are leaving her store. Information utility Ethan uses home-grown fruit in his jams, so they are fresher and better tasting than other jams. Place utility Morgan has a Web site where customers can order office supplies and have them sent to their homes or businesses without ever stepping into a store. Time utility Miguel offers tutoring services in the late afternoon, when students are done with school for the day. Possession utility
Answers
Answer:
On her company Web site, Chloe adds quotes from customers who were happy with her cleaning services. - Information Utility
Information utility refers to the value that a person derives from receiving information that they find useful. Chloe is giving information that will help potential customers decide whether or not to hire her so this is useful.
Aaliyah provides a delivery service for people who are unable to fit her handmade tables in their cars when they are leaving her store - Possession Utility
This is simply the value people gain from acquiring a good. Aaliyah is making it easier for people to get the goods they bought from her so they may derive value from it.
Ethan uses home-grown fruit in his jams, so they are fresher and better tasting than other jams. - Form Utility
Form utility refers to the satisfaction that customers gain from using a product that the believe has met their expectations. By making a better tasting jam, customer needs would be met.
Morgan has a Web site where customers can order office supplies and have them sent to their homes or businesses without ever stepping into a store. - Place Utility
Place utility refers to be value customers derive from goods being made more accessible to them. By making it possible for customers to order online, Morgan has made products more accessible and is therefore giving place utility.
Miguel offers tutoring services in the late afternoon, when students are done with school for the day. - Time Utility
Time utility refers to the value that customers gain from being able to acquire goods or services when it is most convenient for them. Miguel offering tutoring services after schooling hours would ensure that the services offered will not conflict with their schooling time.
Storytime Park competes with Splash World by providing a variety of rides. Storytime sells tickets at $ 100 per person as a one-day entrance fee. Variable costs are $ 60 per person, and fixed costs are $ 254 comma 000 per month. Compute Storytime Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Storytime Park needs to break even.
Answers
Answer:
contribution margin ratio= 0.4
Break-even point (dollars)= $635,000
Explanation:
Giving the following information:
Storytime sells tickets at $ 100 per person as a one-day entrance fee.
Variable costs are $ 60 per person, and fixed costs are $254,000 per month.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= contribution margin/selling price
contribution margin ratio= (100 - 60)/100
contribution margin ratio= 0.4
To calculate the sales required to break even, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 254,000/0.4
Break-even point (dollars)= $635,000
The economy of the United States can be best described as
a) a mixed economy
b) a command economy
c) a mixed economy, but predominantly command and tradition
d)
a pure free marker
Answers
Answer:
A a mixed economy.
Explanation:
The asnswer is a mixed economy
Hopefully it helps
Which of the following is a characteristic of general partnerships? (1 point) O The partnership has limited life. O The partners have limited liability. O Each partner has different rights when representing the partnership. O One person is the owner of a general partnership.
Answers
Each partner has different rights when representing the partnership is a characteristic of general partnerships
What happens in a general partneship?A general partnership is a business arrangement by which two or more individuals agree to share responsibilities assets profits and financial and legal liabilities of a jointly owned business.
The basic characteristics of a general partnership include group ownership personal liability decentralized management and pass through federal income taxation limited liability of owners for business matters is the primary benefit that is available under other business structures but it is not characteristic of a general partnership.
Therefore the correct answer to your question is Each partner has different rights when representing the partnership.
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How can professional assist school leavers to be successful business owners
Answers
STUDY FIRST AND WORKING HARDLY
what are the two components of a universal policy?
Answers
Answer:
Hey mate.....
Explanation:
This is ur answer.....
Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.
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The cost of insurance amount and the savings component amount you must pay to keep your policy active. This amount varies based on your age,health, and insured risk amount.